With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said.
Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market.
“This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
On the global front, data from China, movement in the dollar index, and US bond yields will be crucial, he added.
Equity markets will remain closed on Monday on account of Bakri Id.
“This week, shortened by a holiday on Monday, will see participants looking to global markets, particularly the US, for cues in the absence of major events,” Ajit Mishra SVP, Research, Religare Broking Ltd, said.
Last week,
| Subscribe To Our Free Newsletter |
